Friday, October 09, 2015

Sad when 2% yield drives a currency

Wow Aussie dollar on a tear this week to 0.734, basically up 5% in just 5 days.....

If you are going to order something from overseas this is the week to do it.

With the USA fed looking like its going to hold off until 2016 (dec 2015 at earliest) everyone is hunting for currency yield. Unless China drops some 'poor news' should be solid for the next few weeks until itchy fingers jump out before the tide sinks again.

Wonder if the RBA wishes they dropped 0.25% last meeting after all.

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